Despite a reduced net surplus of $675,924 during 2024, the West Coast Eagles remained one of the most successful off-field national sporting organisations in Australia.
Despite a reduced net surplus of $675,924 during 2024, the West Coast Eagles remained one of the most successful off-field national sporting organisations in Australia.
This overall result was down from a net surplus of $1.97 million in 2023, and $3.46 million in 2022.
Last year, the Eagles made a $1.78 million royalty payment to the West Australian Football Commission {now WA Football} which was down from $2m in 2023.
The winds of change blew throughout 2024 at Mineral Resources Park, with longstanding chief executive Trevor Nisbett and senior coach Adam Simpson both departing the club.
Incoming chief executive Don Pyke, a premiership player at the club who began his tenure in January last year, made it clear from the outset that the Eagles would be leaving no stone unturned across all aspects of the business in order to achieve success.
The club generated $92.6 million in revenue, a club record, which was up from $87.9 million during the prior corresponding period.
A key income stream was revenue from outside operating activities – propelled by interest-based proceeds – which rose from $2.97 million to $4.15 million.
The reduced net surplus was ultimately a result of increased football and administrative expenses, from $32.5 million to $35.6 million, which included Mr Simpson’s departure.
Despite a challenging season on-field, the Eagles’ total equity increased by around $2.3 million to $113 million, with $102.9 million of this amount attributed to accumulated surpluses.
In contrast, Carlton and Collingwood have total equities of $63.2 million and $61.3 million respectively.
As of October 31 2024, the Eagles also had $131 million worth of total assets – including $62.7 million worth of investments – and $10 million cash and cash equivalents.
